PayPal, Mastercard and Visa face UK competition probe

PayPal, Mastercard and Visa face UK competition probe

The UK’s Financial Conduct Authority is investigating PayPal, Mastercard and Visa for alleged anti-competitive behaviour connected to the funding and usage of PayPal’s digital wallet. In a brief statement, the FCA says it is investigating the three US payments giants under Chapter I in the Competition Act 1998, which prohibits „agreements, concerted practices and decisions” […]

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